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>> reporter: looking at defense stocks. continued uncertainty about the $50 billion in automatic cuts. the defense apartment here at the pentagon again today reiterating that they are not specifically planning for those cuts. they want congress to reverse them. meanwhile, the administration is saying, all of fun sending notices saying you will layoff people. we still don't know what the effects of the cuts will be. however, republicans are saying that move by the administration purely political. don't want the layoff notices put out in the mail. so still continued uncertainty about these -- the fiscal cliff, especially the cuts from the pentagon. liz: lockheed martin saying they don't expect it to be as bad as everybody thought. >> reporter: saying they will hold off. they won't lay of the -- layout in the layoff notices. the defense industry is still digesting this. liz: l. shapiro. >> straits apple. the end result, his word was catastrophic for whoever loses. apple could potentially lose these fights. coming down and 2014
>> reporter: looking at defense stocks. continued uncertainty about the $50 billion in automatic cuts. the defense apartment here at the pentagon again today reiterating that they are not specifically planning for those cuts. they want congress to reverse them. meanwhile, the administration is saying, all of fun sending notices saying you will layoff people. we still don't know what the effects of the cuts will be. however, republicans are saying that move by the administration purely...
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Sep 28, 2012
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defense, health care, transportation. >> we're significantly underweight defense for that reason. a lot of the programs they're working on, you know, tank problems are probably not the most relevant products. it's like cold war technology. we're underweight defense. that seems like the obvious one. i haven't thought of too many other sectors. >> the best single acting group in a presidential year since 1950 are the defense stocks. they always do best in the fourth year. they have had a big run since june. might be time to take a little off the table there. there will be a psychological move out of these because of the sequestration, which comes from the latin word for hide. >> i knew you'd get one in there. thanks, guys. >> we'll see you soon. >> heading toward the close, 15 minutes left. the last closing bell before the end of the quarter. the dow down 49 points. that selloff a moment ago, never mind. >> never mind. coming up in the next hour, he's the prime minister of one of the wealthiest nations of the world. he controls what qatar invests in. my interview with him and what h
defense, health care, transportation. >> we're significantly underweight defense for that reason. a lot of the programs they're working on, you know, tank problems are probably not the most relevant products. it's like cold war technology. we're underweight defense. that seems like the obvious one. i haven't thought of too many other sectors. >> the best single acting group in a presidential year since 1950 are the defense stocks. they always do best in the fourth year. they have...
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Oct 1, 2012
10/12
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in the defense sector, there's a real opportunity for savings by reducing service contracts. they're at record high levels. you know, like any other business tightening its belt, reduce our cost for outside vendors. some of these things can be, "a" done more efficiently with oversight and fewer cost overruns but always just done more cheaply. >> why do you think this isn't being done now? >> everything we have in our report is actually a low-hanging fruit substantively, but politically we have no illusions that these are all easy. everybody's got their constituency they're going to support. so these are things -- we need leadership. we need people to say this is the right thing. evidence doesn't support continuing to spend money on the osprey which has a 6% effective rate in combat. we can't have our troops using equipment that doesn't work. let's stop paying for it. we can't give money to industries that are incredibly profitable. so let's stop just giving money to people who have land that used to be farmed. let's stop the programs we can no longer afford and don't pack a p
in the defense sector, there's a real opportunity for savings by reducing service contracts. they're at record high levels. you know, like any other business tightening its belt, reduce our cost for outside vendors. some of these things can be, "a" done more efficiently with oversight and fewer cost overruns but always just done more cheaply. >> why do you think this isn't being done now? >> everything we have in our report is actually a low-hanging fruit substantively,...
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>> people are so worried about yield and safety we find the defensive sector is relatively expensive compared to other sectors with more risk. we think it is time to move out and drop those dividend paying stocks you have been flocking to and taking on more risk in the portfolio. ashley: very good. jim tierney, thanks for being here. the closing bell ringing in six minutes. one stock bouncing off of four year lows as investors like possible takeover talks. we have details when we come back. all energy development comes with some risk, but proven technologies allow natural gas producers to supply affordable, cleaner energy, while protecting our environment. across america, these technologies protect air - by monitoring air quality and reducing emissions... ...protect water - through conservation and self-contained recycling systems... ... and protect land - by reducing our footprint and respecting wildlife. america's natural gas... domestic, abundant, clean energy to power our lives... that's smarter power today. like in a special opsission? you'd spot movement, gather intelligence wi
>> people are so worried about yield and safety we find the defensive sector is relatively expensive compared to other sectors with more risk. we think it is time to move out and drop those dividend paying stocks you have been flocking to and taking on more risk in the portfolio. ashley: very good. jim tierney, thanks for being here. the closing bell ringing in six minutes. one stock bouncing off of four year lows as investors like possible takeover talks. we have details when we come...
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why were you so loyal and came to mark's defense so quickly? >> i think it was -- there were two reasons. one, mark is a friend. the other is look what mark did when he was at hp. people forget how much trouble hp was in when he took over. what a spectacular job he did over that five-year period at hp. you can look at the results. it's a little bit like looking at the apple results. you know, hp without mark herd. hp with mark herd. hp without mark herd. same thing with apple. apple with steve jobs. apple without steve jobs. apple with steve jobs. so it leadership important? i think it's really important. i think the board made a terrible mistake, turned out to be a huge disservice to hp employees. the company hp i love. everyone who's raised in silicon valley thinks of hp as an icon. they deserve the best leadership, and mark was providing it. these guys aren't easy to replace. >> and you're providing it here. i don't even want to think about oracle without larry ellison. >> well, again, we have a lot of depth. now we have mark. you guys don't
why were you so loyal and came to mark's defense so quickly? >> i think it was -- there were two reasons. one, mark is a friend. the other is look what mark did when he was at hp. people forget how much trouble hp was in when he took over. what a spectacular job he did over that five-year period at hp. you can look at the results. it's a little bit like looking at the apple results. you know, hp without mark herd. hp with mark herd. hp without mark herd. same thing with apple. apple with...